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BERLIN— Germany's unemployment rate edged down to 6.8 percent in March as a traditional springtime uptick in hiring bolstered an already robust labor market in Europe's biggest economy. The Federal Labor Agency said Tuesday that the unadjusted jobless rate was down from 6.9 percent in February. Last week, a closely watched survey showed German business...

Some traders were encouraged by Wall Street's gains but also cautious that the third up move in a 12-day stretch was the result of an oversold bounce that could quickly evaporate in the next volatile session

The latest overall job loss numbers showed a loss of 125,000 jobs in June and an unemployment rate falling to 9.5% from 9.7% in May. Here is a breakdown of where the job losses were as well as which sectors were adding jobs.

Stocks turned sharply lower on Wednesday following reports that showed new home sales hit a record low last month. Art Cashin, director of floor operations at UBS Financial Services, shared his market outlook.